Agriculture Banking
Agriculture is built on hard work, resilience, and strong financial partnerships. Whether you operate a family farm, livestock operation, grain farm, or agricultural business, Glenwood State Bank offers checking account options designed to support your day-to-day financial needs.
Checking Accounts
Core Checking
Simple, flexible banking for agricultural operations of any size.
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$5.00 minimum opening deposit required
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No minimum balance requirements
- No monthly service charges
- Debit card available
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Free imaged eStatements
- Mobile deposit available
NOW Checking
Earn interest while maintaining convenient access to your operating funds.
- Interest-bearing1
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$800.00 minimum opening deposit required
- Maintain a minimum $800 daily balance or a monthly average balance of $1,200 to avoid a $5.00 monthly service charge4
- One free package of standard checks each year
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Debit card available
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Free imaged eStatements
- Mobile deposit available
Club Checking
Additional benefits and conveniences for customers who want more from their everyday banking. 3
- $5.00 monthly fee
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$25.00 minimum opening deposit required
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No minimum balance requirements
- Debit card available
- One free order of standard checks each year
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Free imaged eStatements
- Mobile deposit available
- ATM fee refunds2
- Additional benefits (see below)
Business Checking
Built for agricultural businesses, farm operations, and growing enterprises that need straightforward account management.
- No minimum balance requirements
- No FDIC assessment charges
- Use of deposit bags (zipper or lock style)
- Treasury Management tools available
- Free imaged eStatements
- Other fees may apply*
Business Checking with Interest
A business account that helps your operating funds work harder by earning interest while remaining accessible.
- Earn competitive interest rate
- Interest compounded and credited monthly
- Treasury Management tools available
- Free imaged eStatements
- Other fees may apply
1) Rates are subject to change at any time. 2) Maximum monthly refund: $20. Maximum yearly refund: $120. Receipts must be submitted within 45 days. 3) Not all plans available in all areas, some restrictions apply. Visit gengold.com or call (800) 428-6686 for complete program details. 4) Additional $5 monthly fee will be imposed if minimum balance requirements are not met.
Talk With an Agricultural Banker
Whether you're opening an account, planning for growth, or exploring financing options, our agricultural banking team is ready to help.
Savings Accounts
Every farming operation has different goals, cash flow cycles, and savings needs. Whether you're building reserves for future investments or managing seasonal income, we offer savings solutions designed to help support your operation.
Personal Savings
A flexible savings account designed for building reserves and managing future expenses.
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$5.00 minimum opening deposit required
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No minimum balance requirements
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Interest is compounded daily and credited quarterly*
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Free quarterly imaged eStatement
- Utilize an ICS or CDARs account for balances that exceed FDIC insurance limits
Money Market
Grow idle funds while maintaining convenient access to your money when you need it.
- $2,500.00 minimum opening deposit required
- If daily balance falls below $2,500.00, rate changes to Personal Savings rate
- Interest is compounded and credited monthly
- Higher interest rates paid for balances over $10,000, $50,000, $100,000, and $200,000
- Free monthly imaged eStatement
- Checks available for purchase
- Utilize an ICS or CDARs account for balances that exceed FDIC insurance limits
Agriculture Loans
In addition to deposit accounts, Glenwood State Bank offers lending solutions designed to help agricultural operations grow and adapt.
Financing Options Include:
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Operating Lines of Credit
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Farm Real Estate Loans
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Equipment Financing
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Livestock Financing
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Farm Expansion Projects
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Agricultural Business Loans
ICS & CDARS: Added Protection Deposits
Protect large farm deposits while keeping your banking relationship local. Whether you're managing operating funds, holding grain sale proceeds, preparing for a land purchase, or maintaining reserves for future investments, Insured Cash Sweep® (ICS) and CDARS® can provide access to multi-million-dollar FDIC insurance coverage through a single banking relationship.
ICS helps protect larger balances held in operating accounts while maintaining convenient access to funds when you need them. CDARS provides similar FDIC protection for larger Certificate of Deposit (CD) balances, allowing you to earn competitive fixed rates while keeping your deposits secure.
Benefits for Agricultural Operations:
- Access to multi-million-dollar FDIC insurance coverage
- Maintain one banking relationship with a local ag lender
- Receive one consolidated statement
- Keep operating funds accessible through ICS
- Earn competitive fixed CD rates through CDARS
- Simplify management of larger cash balances
- No need to open accounts at multiple financial institutions
- No additional service fee
Whether you operate a multi-generational family farm, a growing livestock operation, an ag-related business, or a large-scale farming enterprise, ICS and CDARS can help protect significant deposit balances while keeping your banking simple and local.
Interested in learning more? Contact our ag banking team to discuss whether ICS or CDARS is right for your operation.
Looking for Current Loan Rates?
We offer competitive rates on savings accounts, checking accounts, money markets, certificates of deposit (CDs), IRAs, and loan products. Contact our team for current rates and account details.
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Agriculture is built on relationships and long-term planning. Our team understands agriculture, makes decisions locally, and works to support producers today and for future generations.
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Switching banks can take a little effort, but our dedicated team is here to make the process as simple as possible. We'll guide you through every step, including updating direct deposits and automatic payments. We're always happy to answer questions, and customers always tell us the switch was well worth it.
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We offer agricultural checking accounts, savings accounts, money markets, lending solutions, online banking, and personalized financial support.
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Yes. Many agricultural operations choose business checking accounts to manage operating expenses, payroll, equipment purchases, and vendor payments.
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Yes. Interest-bearing account options are available for both personal and business customers.
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Yes. Customers have access to online banking, mobile banking, eStatements, and mobile deposit services.
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Yes. While we're rooted in west-central Minnesota, we proudly serve customers wherever life takes them through convenient digital banking services and personalized support.
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Our team can help identify the checking or savings solution that best fits your operation's financial goals and daily banking needs.